On Wednesday 10.08.2011 domestic stock indices stepped into the red territory after the token jerk in the morning. High volatility dominates, trade volumes increased. The USA stock market condition is still the main indicator for investors. In the USA there were sales within the high trade volumes in trend caused be the sovereign credit rating downgrading. European indices also suffered great losses.
By analyst of IC IFG CAPITAL Alexey Sidorov, the quotations will be affected positively by the report of worlds largest net-equipment provider Cisco Systems. Cisco reported adjusted earnings per share of 40 cents, while analysts forecasted it to be around 38 cents. Sales increased by 3,3% to $11,2 billion against $11 billion expected.
The situation improved by morning condition. European debt crisis moved to the latent form, judging by EUR-USD exchange rate. Oil prices show growing dynamics. In general, the background for upward leaps is being formed after the substantial drop of the majority of global indices.
Quotations can also be supported by optimistic expectations of the USA trade balance information and unemployment applications, which will be published on 15:30.
Positive external background was formed on the opening.
Asian stock indices move in different directions. Chinese SSEC, Korean KOSPI increased by 0,63 %, 0,62 % respectively. Japanese Nikkei dropped by 0,63 %.
Russian RTS index opened the day with drop.
The Futures for UX Index 6.11. Technical analysis.
On the 4-houred timeframe the price is above the Parabolic indicator. Oscillators are close to their minimal values. The trend is bearish.
On the quarter timeframe the price placed below the Parabolic indicator. Oscillators are at their minimal values. The trend is bearish.
Analytical department of IC IFG CAPITAL forecasts index and futures increase by the end of trade session, if Index breaks the level of 1880 points in the first half of the day.
